Post by
KansasCrude on Feb 18, 2021 3:42pm
Price Drop.....No divvie for YOU!
Maybe its just me but the disproportionate drop in our stock price is due in part to the price drop in AU but also IMO due to himself declaring "NO SOUP FOR YOU!" as in no Divvie will be paid in spite of all the money we are making. Furthermore no hint of one in the future. In fact I intrepreted his tone as we may never pay a divvie...barring Hell freezing over. Well F*** that. My 70K shares are now down to 30K shares. Will probably sell another 10K shares or so. Buying depressed Kirkland Lake with the proceeds. They've got 20 million oz of gold still to produce and IMO a lot more to add to reserves. My guess is more divvie increases in the future there.
Over 70% of my sales were over $6.50 USD. It was a great run and but am a firm believer in selling if mgmt is not going to share the cash flows with us unwashed shareholders....
Comment by
Severn on Feb 19, 2021 4:56pm
Goldehope,perhaps you can guide us through this difficult time.lf we only possessed your infinite wisdom.Humble to your service.
Comment by
deepthinker63 on Feb 18, 2021 9:39pm
The gold price has fallen for 7 months. Management can't control that. The price of gold might fall another $200. They'd be stupid to start a dividend now. Plus, of course they must help the local community. They'd be cruel and idiotic not to.